BY BRAD BECKETT ON DECEMBER 27, 2022
According to the latest U.S. Home Flipping Report from ATTOM, 92,422 single-family houses and condominiums were flipped in Q3, 2022 representing 7.5% of all home sales in Q3. Click here to read more.
Interestingly, ATTOM says that despite the decline, the home-flipping rate during the third quarter still stood at the third-highest level in the past decade, below the high point of 9.7% registered in the first quarter of 2022. Indeed…
“This is a classic good news/bad news report for fix-and-flip investors…While flipping activity in the third quarter was among the highest on record, gross profits and profit margins declined significantly, reflecting the overall pricing weakness in today’s housing market.” said Rick Sharga, executive vice president of market intelligence for ATTOM.
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